Business News
The Ministry of Trade (Kemendag) Targets 7.1% Export Growth in 2025, Higher than 2024
The Ministry of Trade (Kemendag) has set an ambitious target for exports to grow by 7.1% in 2025, with the export growth for this year projected at 5.06%. This target is part of a broader strategy to support President Prabowo Subianto’s goal of achieving an 8% economic growth by 2029.…
Retail Sector Projected to Bolster Indonesia's Economy in 2025
The retail and consumer sectors are anticipated to drive Indonesia's economic growth in 2025, according to venture capital firms in the country. Data from Statistics Indonesia (BPS) indicates that household consumption grew by 4.91% YoY in Q3 2024, contributing 53.08% to Indonesia's GDP. Venture Partner Init-6, Rexi Christopher, expressed optimism…
15 Upstream Oil and Gas Projects Ready to Streamline in 2025, Total Investment Reaches IDR 11.93 Trillion
The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) announced that 15 upstream oil and gas (O&G) projects are set to commence operations in 2025. According to SKK Migas Chief Djoko Siswanto, these projects will attract investments totaling USD753.2 million (approximately IDR 11.93 trillion). The projects…
LPEI Boosts Moringa Leaf-Based Product Exports Through Comprehensive Support Programs
The Indonesian Export Financing Agency (LPEI), also known as Indonesia Eximbank, is actively supporting businesses producing moringa leaf-based products to access global markets through initiatives like the Coaching Program for New Exporters (CPNE) and Desa Devisa. According to LPEI SMEs Advisory Services Division Head Maria Sidabuta, the high global demand…
